LEWIS, Circuit Judge.
This suit was brought by appellant to enjoin the City of Loveland, Colorado, from issuing bonds for the construction of a municipal light and power plant, because, as alleged, the bonds would create an indebtedness of the city in excess of the amount permitted by the State constitution, which reads (Section 8 of Article 11):
"No city or town shall contract any debt by loan in any form, except by means of an ordinance, which shall be irrepealable...
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